CHECKOUT COUNTER: Self-driving pizza delivery vehicles?
A weekly round up of the hottest international retail and consumer news. 1. Challenged growth Campbell Soup missed fourth-quarter profit and revenue expectations. As with other packaged food companies, changing consumer preferences towards fresh food and healthier offerings has hurt its performance. The NYSE-listed company’s overall sales fell 1% in the fourth quarter ended July 30 from the same time last year. 2. Near-term dent for Amazon Jefferies analysts said in a note that the purchase of Whole Foods will put a dent in Amazon’s earnings. The bank lowered its financial year 2017/2018 earnings per share estimates to $2.48/$7.38, from $3.68/$10.30, but raised total revenue to $177bn/$228bn, from $171bn/$213bn. They have one of the highest price targets for Amazon stock: $1,200 versus a Wall Street consensus of $1,150. They warn that macroeconomic headwinds could slow topline growth and margin expansion. 3. Delivery with a difference Domino’s and Ford said that they are testing out...
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